Goodman completes Stage 1 of its US$1.5 billion Goodman Business Park and commences development of Stage 2 with positive leasing momentum

2016年4月6日

Goodman yesterday held an onsite ceremony to mark the completion of Stage 1 of Goodman Business Park, a large-scale, master-planned logistics and business park in Chiba Newtown, a strategic location with excellent transport connectivity in a vibrant and growing residential and business area. The ceremony was attended by Mr. Kensaku Morita, Governor of Chiba Prefecture and Mr. Masanao Itakura, Mayor of Inzai City who both gave congratulatory speeches.

Stage 1 of Goodman Business Park comprises a 116,000 sqm, 4-storey, high specification, multi-customer logistics facility, substantially pre-leased on completion to leading Japanese 3PLs and retailers.

With the strong customer demand shown for Stage 1, Goodman yesterday also announced the commencement of Stage 2 of the project which will comprise a 125,000 sqm, 4-storey, high specificiation, multi-customer logistics facility.

Summary of key features:

Goodman Business Park

Master-planned, multi-stage development accommodating a dynamic mix of complementary logistics and business users

Most affordable rents in Greater Tokyo for modern, high specification logistics and business space

Immediately adjacent to a growing, young, high population residential area providing an abundant catchment of local workers

Located inland on seismically stable land, 25 metres above sea level, resulting in a very low risk of business interruption from any natural disasters

Excellent connectivity to greater Tokyo and major transport infrastructure including roads, sea ports and airports

Paul McGarry, Chief Executive Officer of Goodman Japan said, “Our customers in Stage 1 of Goodman Business Park have been extremely impressed with the ease of hiring workers for their operations at the facility. The attractive location, combined with the unrivalled, high quality design and amenity has created the perfect environment for our customers to succeed in their key goals of attracting and retaining workers, reducing logistics costs and improving efficiencies”.

Stage 1 (East Building)

116,000 sqm of modern, multi-customer logistics space

4-stories with truck berths on all floors accessed by separate up and down ramps

Exceptionally high level of finish and employee amenity

Eco-friendly design including roof top solar panels, LED lighting throughout and shared bicycle system

Substantially pre-leased with strong customer enquiry on the remaining space

Stage 2 (South Building)

Planned completion in early 2018

125,000 sqm of modern, multi-customer logistics space

4-stories with truck berths on all floors accessed by separate up and down ramps

Goodman’s Group Chief Executive Officer, Mr Greg Goodman said, “The strong customer demand for Goodman Business Park reflects the benchmark set by this project in delivering high specification, modern logistics space with an outstanding level of employee amenity at a very attractive price point. We are excited to now be commencing Stage 2, of what will be a US$1.5 billion logistics and business park on completion”.